Offshore Company in The BVI - Frequently asked Questions

These are some of the questions that we are frequently asked about BVI Offshore Companies. If you do not find the answer to your question or would like further information please contact us

How long does it take to incorporate a BVI Offshore Company?
It usually takes 3 working days to incorporate in the BVI

What information must I provide?
To incorporate an offshore company in the BVI we need the following

• The name of the company
• Name and address of director
• Name and address of shareholder

Is the information I provide confidential?
The names of directors and shareholders do not appear on any public documents or other public records

What are the minimum number of directors?
Only one director is required. This can be the same person as the shareholder

Can the director be a corporation?
Yes corporate directors are allowed

Can nominee directors be used?
Nominee directors are allowed. Fletcher Kennedy can provide a nominee director

Is a resident director required?
There is no requirement to appoint a local director

What are the miminimum number of shareholders?
Only one shareholder is required. This can be the same person as the director

Can the shareholder be a corporation?
Yes corporate shareholders are allowed

Can nominee shareholders be used?
Nominee shareholders are allowed. Fletcher Kennedy can provide a nominee shareholder

Is a resident shareholder required?
There is no requirement to appoint a local shareholder

Is a company secretary required?
There is no requirement for a company secretary

What is the standard share capital?
The standard share capital is $50,000 USD

Can the share capital be issued in other currencies?
Yes

How much of the share capital must be issued and paid up?
One share

Does the company have to mantain books and records in the BVI?
The company does not have to keep records in the BVI. If the company chooses to keep records they can be kept anywhere in the World.

Does the company have to file accounts or a financial statement?
There is no requirement to file accounts or a financial statement

Is the company taxed on profit?
A BVI Offshore company is exempted from all taxes

If you do find the answer to your question or would like further information please contact us

 Order Secure On-Line

See Also:

BVI - Frequently asked Questions
BVI company formation - Prices and Fees
Bank Account for Offshore Companies

If you would like further information or want to discuss any aspect of incorporating offshore please feel free to contact us